{"id":5986,"date":"2025-01-03T17:02:13","date_gmt":"2025-01-03T17:02:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=5986"},"modified":"2025-01-03T17:02:13","modified_gmt":"2025-01-03T17:02:13","slug":"bitcoins-btc-bull-market-remains-intact-amid-temporary-slowdown-cq","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=5986","title":{"rendered":"Bitcoin\u2019s (BTC) Bull Market Remains Intact Amid Temporary Slowdown: CQ"},"content":{"rendered":"
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Crypto assets declined as 2024 came to a close. Bitcoin\u2019s post-election surge to over $100,000 had lost momentum. Entering 2025, the asset touched $97,000 but soon pulled back slightly.<\/p>\n

However, the latest CryptoQuant analysis hints that BTC is still in the midst of a bull market. The current phase has been identified as a cooling-off period rather than the end of the cycle.<\/p>\n

Momentary Slowdown<\/h2>\n

After Bitcoin\u2019s price surpassed $108,000, a correction followed, which raised concerns about the possibility of an extended stagnation like the previous six-month retracement. Despite this, key on-chain data suggested a reassuring view of the market\u2019s health.<\/p>\n

In its report<\/a>, CryptoQuant\u2019s Adjusted SOPR (Spent Output Profit Ratio), which eliminates short-term noise by excluding transactions under an hour and employs a 7-day Simple Moving Average (SMA), remains above 1 but is trending downward. This suggests diminishing profits for participants but aligns with historical patterns, where SOPR dropping below 1 often triggers reversals in bull markets.<\/p>\n

Similarly, the Miner Position Index (MPI) also shows a downward trend, with no indications of mass Bitcoin transfers to exchanges. Such a trend is indicative of the fact that miners, especially large firms, are holding their Bitcoin assets, although periodic sell-offs for operational expenses are expected.<\/p>\n

Other metrics, such as total network fees, reflect reduced on-chain activity. This phase is further validated by declining funding rates, which have historically been precursors to Bitcoin rebounds, particularly during periods of negative sentiment.<\/p>\n

Hence, the data collectively point to a temporary cooling-off period in the ongoing bull market. While reduced on-chain activity and declining metrics suggest a momentary slowdown, there is no substantial evidence pointing to a cycle peak.<\/p>\n

Old Bitcoin Whales Selling Amid Institutional Buying<\/h2>\n

According to CryptoQuant CEO Ki Young Ju\u2019s\u00a0update<\/a>, \u201cold whales\u201d are currently the sellers in the Bitcoin market. This is evidenced by high over-the-counter (OTC) volume and significant exchange deposits. However, he dismissed fears of a market crash, adding that these sales are unlikely to cause significant disruptions.<\/p>\n

Ju also noted that buying pressure predominantly comes from US institutions, particularly through Coinbase. Despite this institutional interest, he pointed out that the daily premium on Coinbase is at a multi-year low<\/a>, which means that the momentum has weakened. As such, a recovery in this premium is needed to support Bitcoin\u2019s next leg up.<\/p>\n

The post Bitcoin\u2019s (BTC) Bull Market Remains Intact Amid Temporary Slowdown: CQ<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto assets declined as 2024 came to a close. Bitcoin\u2019s post-election surge to over $100,000 had lost momentum. Entering 2025, the asset touched $97,000 but soon pulled back slightly. However, the latest CryptoQuant analysis hints that BTC is still in the midst of a bull market. The current phase has been identified as a cooling-off […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-5986","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5986"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/5986\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}